India will continue purchasing Russian crude oil regardless of changes or expiry in US waiver arrangements, a government official says. According to Business Standard, Sujata Sharma, Joint Secretary in India’s Petroleum Ministry, states that India’s purchases of Russian oil are not dependent on US sanctions waivers. Business Standard also reports that India will keep buying Russian oil even if the US waiver does not extend. The reporting notes that fuel retailers’ under-recoveries have narrowed following a recent price hike, suggesting reduced pressure on retailers even as import sourcing continues. India Today similarly quotes a government source indicating that India will keep buying Russian oil despite US waiver changes. Taken together, the articles indicate that India’s approach remains stable: it continues importing Russian oil and does not treat US waiver conditions as a decisive factor for maintaining supply. The accounts do not provide new details on volumes, pricing, or contract terms, focusing instead on the government’s position that purchases continue irrespective of US policy changes.
India says it will continue buying Russian oil despite changes to US waivers
India will continue purchasing Russian crude oil regardless of changes or expiry in US waiver arrangements, a government official says. According to Business Standard, Sujata Sharma, Joint Secretary i...
- A Petroleum Ministry official says India will continue buying Russian oil regardless of US sanctions waivers.
- Sujata Sharma, Joint Secretary, is cited in reporting as stating purchases are not dependent on US waiver conditions.
- Business Standard reports the plan to continue buying Russian crude even if the US waiver expires or changes.
- Fuel retailers’ under-recoveries are reported to have narrowed after a recent price hike.
- No changes to Russia oil import volumes or specific contract terms are detailed in the shared reporting.
India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike
3 months agoIndia will keep buying Russian oil despite US waiver changes says govt official
3 months agoSujata Sharma, Joint Secretary in the Petroleum Ministry, said India has been buying Russian oil irrespective of US sanctions waivers
3 months ago
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